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An update from Picton Property Income ( (GB:PCTN) ) is now available.
Picton Property Income Limited has undertaken a share buyback, purchasing 250,000 of its ordinary shares on the London Stock Exchange for cancellation at an average price of 75.1 pence per share. Following this transaction, the company now has 514.5 million ordinary shares in issue, which represents the total voting rights and will be used by shareholders to assess disclosure obligations under UK transparency rules, signalling ongoing capital management activity that can affect earnings per share and ownership percentages for existing investors.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £80.00 price target. To see the full list of analyst forecasts on Picton Property Income stock, see the GB:PCTN Stock Forecast page.
Spark’s Take on GB:PCTN Stock
According to Spark, TipRanks’ AI Analyst, GB:PCTN is a Neutral.
Picton Property Income’s overall stock score is primarily supported by its strong valuation metrics, including a low P/E ratio and high dividend yield, which suggest potential undervaluation. However, financial performance is mixed, with strong profitability offset by revenue and cash flow volatility. Technical indicators are neutral, providing no clear directional bias.
To see Spark’s full report on GB:PCTN stock, click here.
More about Picton Property Income
Picton Property Income Limited is a UK real estate investment trust listed on the main market of the London Stock Exchange and a constituent of several EPRA indices, including the FTSE EPRA Nareit Global Index. Established in 2005, it owns and actively manages a £695 million diversified UK commercial property portfolio across 46 assets with around 300 occupiers, currently weighted towards the industrial sector, and aims to deliver upper quartile performance and higher income returns than the MSCI UK Quarterly Property Index while pursuing a net zero carbon target by 2040.
Average Trading Volume: 966,365
Technical Sentiment Signal: Buy
Current Market Cap: £380.1M
For an in-depth examination of PCTN stock, go to TipRanks’ Overview page.